OSFI unwinds emergency pandemic relief measures advisor.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from advisor.ca Daily Mail and Mail on Sunday newspapers.
James Langton
Federal banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), is seeking feedback on its approach to implementing the Basel Committee’s final post-financial crisis reforms in Canada.
OSFI launched a consultation on measures to implement the remaining features of the latest edition of the global capital adequacy regime, known as Basel III which includes capital, liquidity, leverage and disclosure requirements that was developed in response to the global financial crisis.
Among other things, the remaining reforms aim to improve risk-weighted asset calculations and enhance the comparability and transparency of banks’ capital ratios.
In a statement, the regulator said that its proposals are “in line” with the global standards set by the Basel Committee on Banking Supervision, “while reflecting the Canadian market.”
OSFI launching consultation on climate change risks to pensions, financial institutions benefitscanada.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benefitscanada.com Daily Mail and Mail on Sunday newspapers.